<a href="https://www.apartments.com.au/developers/jl-place">JL PLACE</a>'s Veil Brighton is approaching its final months of construction, with the nine-townhouse development at 17 Rooding Street expected to complete in December 2026.

The milestone is bringing the boutique project closer to becoming a finished part of the <a href="https://www.apartments.com.au/developments/brighton-vic-3186">Brighton</a> streetscape, with much of Brighton's everyday amenity within a short walk.

Palace Cinema, Coles Supermarket and North Brighton Station are all around five minutes on foot from <a href="https://www.apartments.com.au/new-townhouses/veil-brighton-17-rooding-street-brighton-vic-3186">Veil</a>, alongside numerous cafés, restaurants and bars. The station provides a direct rail connection toward Melbourne's CBD, while Bay Street and the wider Brighton retail and dining network add to the range of services accessible without relying on a car for every trip.

"The location was fundamental to the project. Brighton is an established suburb where many buyers already have strong connections to the area and want to remain close to the people, places and amenities that form part of their everyday life," the developer said.

"Veil sits in a highly walkable part of Brighton, with a Walk Score of 90/100."

For buyers looking to right-size within Bayside, that level of walkability adds to the appeal of a more manageable way of living. Everyday shopping, dining, entertainment and public transport can be accessed without relying on the car for every trip, while residents remain connected to the places and routines that make Brighton familiar. It allows buyers to simplify day-to-day life without giving up the convenience, amenity and connections they already value.

[smartcode_project:default project_id=7877 project_image_fid=355754]

As completion approaches, the architecture, landscaping and material palette are progressively becoming visible on site, giving prospective purchasers a clearer view of the finished development beyond its plans and renders.

Veil comprises nine townhouses, predominantly three-bedroom homes with between 2.5 and 3.5 bathrooms, two car spaces and, depending on the residence, study areas and private outdoor space. Selected homes include a bedroom on the ground floor.

Veil occupies a middle ground between detached housing and apartment living, retaining private gardens, storage and secure parking within a more manageable residential format.

<a href="https://www.apartments.com.au/architects/schmidt-pang-architects">Schmidt &amp; Pang</a> designed the architecture around natural light, ventilation, privacy and practical use of space. From Rooding Street, the façade has been composed to read as a cohesive residential building rather than nine individual townhouses, with landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a> integrated throughout the site.

Inside, natural stone, oak flooring, integrated joinery and brushed nickel finishes establish a restrained material palette, while kitchens include Miele appliances and substantial storage such as pantries. Walk-in robes and dedicated study spaces have also been incorporated across the collection.

[smartcode_project:default project_id=7877 project_image_fid=355852]

The project team said the planning of the homes has been informed by how the spaces function for both daily routines and larger gatherings.

"Our new homes owners at Veil have enjoyed the attention to detail in creating efficient layouts that use every space well. Hosting Christmas lunch and large family gatherings is an ease when care is taken to consider how people really live and entertain."

Private landscaped gardens extend the living spaces outdoors, while secure basement parking and bicycle parking are provided below. The homes have also been designed to achieve a 7-star energy rating, supported by double glazing, high-quality insulation, natural ventilation, LED lighting, water tanks and water-efficient fittings. Each residence is backed by a 10-year building guarantee.

Veil is being built by <a href="https://www.apartments.com.au/builders/jeniton">Jeniton</a>.&nbsp;Limited-time stamp duty savings are also currently available on selected purchases at Veil, adding another consideration as the project moves toward completion.

[smartcode_project_cta:default project_id=7877]

Joel Robinson

Veil Brighton nears completion in one of the suburb's most walkable pockets

<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a> has recorded 134 sales worth just over $400 million in two months of pre-release activity at The Riversdale, as the developer brings its $750 million South Brisbane riverfront project to the broader market.

The sales represent more than 60 per cent of the project's 213 apartments, with Mosaic reporting the majority of purchasers have been local owner-occupiers and downsizers.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale</a> will rise 39 storeys from its north-facing site at 91 Montague Road, delivering a mix of two, three and four-bedroom apartments alongside a collection of Mosaic's premium Masterpiece Series Sky Homes.

[smartcode_project:default project_id=151614 project_image_fid=371872]

The early buyer response comes ahead of the wider evolution of the northern end of Montague Road, where The Riversdale will be one of the first major residential projects delivered within an emerging riverfront precinct.

Directly adjoining the development is a planned 7.1-hectare mixed-use precinct, set to introduce new residences, parkland and public realm along the river's edge. The Riversdale's position directly on the Brisbane River gives it a relationship with the waterfront that Mosaic says cannot be replicated by future buildings within the precinct.

The site is also the result of a years-long pursuit by Mosaic. The developer first earmarked the <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a> property in 2018, reflecting what Founder and Managing Director Brook Monahan has described as a deliberately patient approach to acquiring development sites.

[smartcode_project:default project_id=151614 project_image_fid=372083]

"We aren't opportunistic," Monahan previously told Apartments.com.au.

"Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau Proberts</a>, The Riversdale has been shaped around the qualities of the riverfront site, with apartments oriented to capture northern light and uninterrupted Brisbane River views.

Generous floorplans and expansive balconies extend the living spaces towards the river, while natural materials and a restrained interior palette have been selected with longevity in mind.

[smartcode_project:default project_id=151614 project_image_fid=371890]

Residents will have access to a level of amenity more commonly associated with world-class hotels and private members' clubs, with almost 3,000 sqm dedicated to wellness, connection, recreation and everyday convenience.

At ground level is a business lounge, private meeting rooms and dedicated workspaces. Mid-tower is a wellness sanctuary featuring magnesium hot and cold plunge pools, sauna, steam room, infrared therapy facilities, a Pilates and yoga studio, and a commercial-grade gymnasium.

Crowning The Riversdale is a rooftop featuring a 35-metre swimming pool with lap lane and spa, outdoor dining and seating terraces, firepit lounges and views of the city, river and Mount Coot-tha.

A private members' club-inspired retreat offers private dining rooms, a whisky lounge, media rooms and immersive entertainment experiences. Completing the amenity offering are two hotel-style guest suites and a resident-exclusive electric vehicle fleet and car-share program.

[smartcode_project:default project_id=151614 project_image_fid=371877]

The Riversdale sits at the northern end of Montague Road between South Bank and West End, around 1.3 kilometres from the Brisbane CBD, providing access to the city's major cultural, dining and recreation precincts.

It becomes Mosaic's largest Brisbane project to date and adds to a pipeline already under construction across the city.

In Brisbane, the developer is currently delivering The Bedford and The Carter at Kangaroo Point, both of which are approaching sell-out, with a further four projects being delivered on the Gold Coast. Mosaic has completed more than $2 billion in projects since 2012 and has a further development pipeline exceeding $2 billion across South East Queensland.

Early works are underway at The Riversdale, which will be delivered by Mosaic's in-house construction division. Completion is anticipated in late 2029, with remaining apartments priced from $1.98 million.

[smartcode_project_cta:default project_id=151614]

Mosaic records more than $400m in two months at South Brisbane's The Riversdale

Lender, fund manager and apartment developer Princeton has completed <a href="https://www.apartments.com.au/buildings/marque-rockdale-602-608-princes-highway-rockdale-nsw-2216">Marque Rockdale</a>, the first new apartment development in South Sydney to provide its owners with a 10-year Latent Defects Insurance policy, the most comprehensive insurance available for a new apartment building.

The policy has been a key consideration for prospective purchasers of the 58 one-, two-, and three-bedroom apartments, strategically located between&nbsp;Rockdale Plaza and Rockdale Station.&nbsp;

Buyers have also been drawn to the fact that it is one of few new apartment developments delivered in the suburb in the last 10 years, and the only one located on Princes Highway to be set well back from the street to reduce noise. There's also a communal rooftop, a rarity in the suburb, complete barbecue facilities, landscaped seating areas, a children's play zone and herb gardens.

[smartcode_project:default project_id=136442 project_image_fid=374084]

Ray White Projects’ Matt Otway said buyer enquiry reflected the increasingly diverse and cosmopolitan population that has made Rockdale home.

“We’re seeing strong interest from a broad mix of buyers, including young professionals and people who have rented in Rockdale and the surrounding suburbs and now see Marque as an opportunity to buy a brand-new apartment in an area they already know,” Otway said.

“Proximity to the CBD and Sydney Airport is another key advantage particularly for buyers working in these locations who want the added convenience of living close by.”

Investors have also been attracted to the project, with rental yields of more than five per cent, which is considered a strong result for the Sydney market.

[smartcode_project:default project_id=136442 project_image_fid=374090]

Adding another layer to the buyer proposition is Marque's 10-year Latent Defects Insurance policy from Resilience Insurance, making it the only new apartment development in Rockdale to offer the cover.

The policy protects apartment owners against major structural and waterproofing defects for 10 years following completion, giving Marque purchasers cover until early 2036 at no additional cost.

The likelihood of defects emerging has also been mitigated through the Technical Inspection Service (TIS), which saw independent experts inspect the building at various stages throughout construction to identify potential issues during the build, rather than after the fact.

SDSS, which provided the TIS, consistently ranked the construction quality at Marque, undertaken by iCIRT-rated builder Coplex, among the best across its extensive portfolio of projects.

[smartcode_project:default project_id=136442 project_image_fid=374088]

Otway said the LDI had become a major drawcard for buyers, particularly given Rockdale has seen relatively little new apartment development over the past decade.

"Rockdale hasn't had a lot of new apartment buildings in the last decade, and has never had a project with 10-year defect insurance," Otway said.

"Marque presents a truly rare opportunity at an affordable price point, so well connected to the Sydney CBD."

One-bedroom apartments at Marque start from $735,000.

[smartcode_project_cta:default project_id=136442]

Marque Rockdale completes as South Sydney’s first apartments backed by 10-year defect insurance

Sydney developer <a href="https://www.apartments.com.au/developers/odus">ODUS Property Group</a> is continuing to expand its local Gold Coast development pipeline, filing plans for a new 40-storey tower in the Southport CBD.

Odus, which bought two luxury Main Beach projects, now La Mer and Le Reve, to make its move into the booming Gold Coast apartment market, has secured its third site. But it is tweaking the plans for a previously proposed 50-storey skyscraper, now seeking to deliver 40 storeys.

The project, dubbed <a href="https://www.apartments.com.au/new-apartments/80-marine-parade-74-80-marine-parade-southport-qld-4215">80 Marine Parade</a>, sits on a prime&nbsp;2,032 sqm amalgamated corner site at 74–80 Marine Parade and 4 Welch Street, across the road from the Gold Coast Aquatic Centre. It will have unobstructed, never-to-be-built-out views to the east given its position opposite the Broadbwater Parklands.&nbsp;

The plans are for 316 apartments, ground-floor retail, and resort-style resident amenities. The project sits within Precinct 1 (Central Business District) of the Southport Priority Development Area, where high-density residential and commercial development is actively encouraged.

BGD, ran by Bayden Goddard and the architecture firm behind Le Reve, has revised the original concept plans, substantially reworking the built form. Basement parking has been replaced by an expanded podium designed to improve functionality while reducing the tower's overall visual impact.&nbsp;&nbsp;

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0f13d065-2cf5-45ec-aa17-1a03754d93d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%202.png?VersionId=.9QS2n7kBc_U3PyaI247uOyNSXIqnXSE" />

The tower rises above the eight-storey landscaped podium with a distinctive architectural language defined by sweeping arches, integrated greenery, bronze-toned glazing, and a sculptural rooftop crown.

The development will comprise 104 one-bedroom apartments, 208 two-bedroom apartments, and four four-bedroom penthouses across levels 9 to 36. Apartments are designed to accommodate both permanent residents and short-term accommodation within the same building.

A double-height lobby and reception will anchor the ground floor alongside a 23 sqm food and drink outlet, activating the Marine Parade frontage.

Parking will be accommodated within the podium, providing 288 vehicle spaces and 74 bicycle spaces, accessed from Welch Street.

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="d7528b91-2c47-4094-98b3-5eecbacc0041" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da%20podium.png?VersionId=efF5oWs4T9PDvxJwJEDHu5kSQ5eE3IBy" />

Residents will have access to an extensive suite of amenities spread across multiple levels. A podium recreation deck will include a swimming pool, spas, sauna, steam room, cinema, residents' lounge and children's games room, while a second wellness level near the top of the building will feature a gym, co-working spaces, reading room, dining areas and communal kitchen. Extensive podium landscaping wraps the building to soften the built form and strengthen its interface with the surrounding streetscape.

The planning report notes the project responds directly to Southport's ongoing urban transformation.

"Consistent with much of Southport, the surrounding area is undergoing significant transition, with many older low-rise developments progressively being redeveloped for higher-intensity urban outcomes, as envisaged within Precinct 1."

It also states that the proposal "will contribute to a defined and legible eastern gateway to the Southport CBD, reinforcing the area's high-density urban character while maintaining a strong visual connection to the adjoining public open space network."

<img alt="First look: Odus Property Group plots landmark 40-storey tower for Southport's Broadwater gateway" data-entity-type="file" data-entity-uuid="0b9fdebd-4b35-400b-a287-6bd1cdbcdb1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Southport%20da.png?VersionId=4LG35XR5mfir7jvG2TShtQx.utMLYBxu" />

Located opposite the Broadwater Parklands, the site enjoys immediate access to the Gold Coast Aquatic Centre, Australia Fair Shopping Centre, TAFE Queensland Southport campus, the G:link light rail corridor and Southport's established commercial precinct. The location places future residents within one of the Gold Coast's fastest-evolving mixed-use centres, where numerous high-rise residential projects are reshaping the CBD skyline.

Odus is headed by development professionals Byron Sakha, Jarrod Younan and Sebastian Younan. The Younans also head family-owned builder Nazero Constructions, established in the 1960s.

They are currently delivering La Mer, 24 luxury apartments on Main Beach Parade, and Le&nbsp;Rêve, on the same street but on the prized beachfront side of the sought-after strip.

ODUS plans landmark 40-storey tower for Southport's Broadwater gateway

A boutique collection of just 10 residences could become the catalyst for the next phase of renewal along the southern end of Surfers Paradise Boulevard, with new plans laid for a mixed-use tower designed to transform a long-vacant site.

The proposal for <a href="https://www.apartments.com.au/new-apartments/3098-surfers-paradise-boulevard-surfers-paradise-qld-4217">3098 Surfers Paradise Boulevard</a> has been conceived as more than a standalone residential project. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the development aims to spark the revitalisation of what the design team describes as the "South Boulevard" precinct, creating an active streetscape with retail uses at ground level beneath a collection of full-floor luxury residences.

The application, by PR Property Holdings, an entity directed by the Brisbane-based Ryan and Petrovic families, seeks approval for a 17-storey, 62.2-metre mixed-use development on a compact 427 sqm site between Surfers Paradise Boulevard and Appel Street.

The project will comprise just 10 apartments, including eight full-floor residences and two duplex apartments, positioned above a two-level retail podium. Three podium parking levels will accommodate 26 vehicle spaces, while a recreation deck is proposed on Level 4.

<img alt="First look: PR Property Holdings plans boutique apartment tower to kickstart Surfers Paradise's 'South Boulevard' revival" data-entity-type="file" data-entity-uuid="46cfa37d-5051-4449-8d8e-6724f8ca0d59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_8.png?VersionId=e7UkeV1eTZAC2lXhdq72E3jpUbwiFD2t" />

Rather than pursuing apartment volume, the proposal focuses on large-format homes with a slender tower form intended to maximise outlooks while limiting visual bulk.

BDA Architecture said the proposal has been designed to become an urban renewal catalyst for the precinct.

"The ambition of 3098 Surfer's Paradise is that it provides the catalyst for incremental infill redevelopment and upgrade of what is coined the 'South Boulevarde' of Surfers Paradise which connects to the beating heart of Cavill Avenue."

The architects added: "An incremental approach to development that provides quality ground plane interface, human scale design, integrated subtropical landscape and semipublic permeable frontage can over time entirely upgrade a precinct."

The architecture adopts soft curves, articulated balconies and a slender tower profile rising from a human-scaled podium. The design report describes the project as delivering "bespoke residences of enduring distinction, sculpted with precision and quiet sophistication," with a focus on timeless coastal architecture.

The application also includes retail tenancies addressing Surfers Paradise Boulevard, reinforcing the site's role as an active mixed-use destination rather than a purely residential address. The planning report states the combination of the podium, landscaping and active frontage is intended to strengthen the pedestrian experience while contributing to the evolving character of the boulevard.

The site occupies a prominent position in the southern section of Surfers Paradise, directly opposite the G:link light rail corridor and within walking distance of Surfers Paradise Beach, Cavill Avenue, the Nerang River and Bruce Bishop Car Park. It is currently vacant, having previously accommodated a single-storey commercial building that was demolished in 2022. The planning report notes the surrounding area is characterised by a mix of commercial buildings and residential towers, with unlimited building height provisions applying under the Centre Zone.

The proposal also replaces an earlier 2022 approval for a restaurant and bar on the site, instead introducing a permanent mixed-use development that combines retail activation with boutique residential living.

Boutique apartment tower to "kickstart" Surfers Paradise's 'South Boulevard' revival

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

For most Australians, buying an apartment is one of the biggest financial decisions they'll ever make

The location, floorplan and price are often the first considerations, but in recent years another question has become increasingly important: who is actually delivering the project?

A series of high-profile builder collapses, construction delays and defect concerns have fundamentally changed how many Victorians approach buying off the plan. The collapse of Porter Davis in 2023, which reportedly left around 1,700 homes unfinished, became one of the most visible examples of the risks that can emerge when a construction company fails. <a href="https://www.equifax.com.au/sites/default/files/lpassets/pdf/Final-Business-Market-Pulse-June-Sector-Deep-Dive-Report-2.pdf">Similar challenges across the broader construction sector</a> have left buyers asking more questions before signing a contract.

As Victoria continues encouraging higher-density housing to address supply shortages, transparency is becoming just as important as location or price.

One tool increasingly entering the conversation is the <a href="https://icirt.com/">Independent Construction Industry Rating Tool (iCIRT)</a>, an independent assessment framework designed to help buyers better understand the developer or builder behind a project. Originally developed by Equifax in consultation with government and industry as part of NSW's Construct NSW reforms, the system has since expanded nationally.

<h2 data-end="1519" data-section-id="7nmx3" data-start="1492">What is an iCIRT rating?</h2>

Most Australians are familiar with independent ratings in everyday life.

We compare ANCAP safety ratings before buying a car. We look at Health Star Ratings in supermarkets. Banks rely on credit assessments when lending money.

Until recently, however, there has been very little independent information available to help apartment buyers assess the business responsible for delivering a residential project.

That gap is what iCIRT was designed to address.

Builders, developers and other construction professionals with an iCIRT rating have demonstrated high-trust characteristics through an independent, evidence-based assessment across six criteria: Character, Capability, Conduct, Capacity, Capital and Counterparties. This involves a rigorous review of financial health, past project track record, and ethical conduct. Crucially, an iCIRT rating could help provide property buyers with confidence that they are working with a professional who has demonstrated the capability, capacity, and willingness to return and rectify issues.

Importantly, iCIRT is not a recommendation to purchase a particular property, nor is it a traditional credit rating. It is an independent assessment framework designed to provide objective information about a construction business using a <a href="https://icirt.com/sites/default/files/2025-08/iCIRT-Methodology-Issue1-May-2021.pdf">published methodology</a>.

The system has been widely adopted in New South Wales, where more than one-third of medium and large residential builders and developers now hold an iCIRT rating, representing over two-thirds of the state's residential building market by value as of 2025/26.

<h2 data-end="3126" data-section-id="h6ohtj" data-start="3084">Why buyers are doing more due diligence</h2>

For many buyers, particularly those purchasing off the plan, the biggest risk isn't whether they'll like the kitchen finishes.

It's whether the project will be delivered on time, to the expected quality, and by a company capable of completing the development.

<a href="https://icirt.com/sites/default/files/2026-07/iCIRT%202025%20Consumer%20Survey%20Report%20v05.pdf">Consumer research commissioned by iCIRT</a> found more than half of respondents believed current protections do not adequately safeguard buyers from builder insolvencies or defective projects. Other research found 88 per cent of prospective buyers would seek independent ratings or due diligence before purchasing, while 90 per cent said trust in construction professionals is essential.

That doesn't mean buyers should rely on a single rating alone.

Independent legal advice, understanding the contract, and seeking financial advice all remain important parts of the due diligence process.

However, an independent assessment can provide another source of information alongside those traditional checks.

<h2 data-end="4138" data-section-id="pquzxc" data-start="4094">Trust is becoming a competitive advantage</h2>

The conversation isn't only changing for buyers.

Developers are also recognising that trust has become an increasingly important part of the sales process.

Five years ago, purchasers typically asked about floorplans, finishes and settlement dates.

Today, sales teams are increasingly being asked about the developer's experience, financial stability, previous projects and construction partners.

For companies with strong governance and established delivery records, an independent iCIRT rating provides another way to demonstrate those credentials before buyers even visit a display suite.

According to Equifax, the assessment can also help businesses drive sales and <a href="https://icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects">secure high-value projects</a>, as well as identify operational improvements and <a href="https://icirt.com/resources-for-business/mirvac-reinforces-brand-trust-and-quality-independent-icirt-rating">attract top talent</a>.

<h2 data-end="4962" data-section-id="1j54ng5" data-start="4912">Beyond buyers: lenders are paying attention too</h2>

The influence of independent construction ratings is also extending beyond consumers.

According to Stamford Capital's Real Estate Debt Capital Markets Survey, an increasing number of lenders now incorporate iCIRT ratings into their due diligence processes when assessing residential development finance applications.

The survey found lender adoption has continued to rise, with many respondents saying independent assessments provide additional insight into governance, counterparties and delivery capability beyond traditional financial analysis. Some lenders also reported declining funding applications where businesses had poor or no ratings.

As construction costs remain elevated and access to development finance becomes more selective, demonstrating credibility is becoming increasingly valuable.

<h2 data-end="5801" data-section-id="1qazuxs" data-start="5772">What it means for Victoria</h2>

Victoria's apartment market is entering a new phase.

The state is seeking to accelerate higher-density housing while simultaneously introducing reforms aimed at improving confidence in residential construction.

For buyers, that means there are more tools available than ever before to research the businesses behind a project.

For developers, it signals that transparency is becoming another point of differentiation in an increasingly competitive market.

Buyers are asking more questions than ever before and increasingly expecting independent information, not just marketing material, before making one of the biggest financial commitments of their lives.

Find out how to get iCIRT rated <a href="https://www.icirt.com/sites/default/files/2025-08/iCIRT-Infographic-Assessment-Process-Final.pdf">here</a>.

<hr data-end="6469" data-start="6466" />
The information contained in this article is general in nature and does not constitute personal, financial, legal or tax advice. It does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstances before acting on it and, where appropriate, seek independent professional advice.

This article contains links to third-party websites. These links are provided for convenience only. Equifax Australia does not control and is not responsible for the content, accuracy or privacy practices of external sites.

Copyright © 2026 Equifax Australia Information Services and Solutions Pty Ltd. All rights reserved.

Buying off-the-plan in Melbourne? How independent iCIRT ratings are set to change Victorian property

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Mirvac’s inner-city residential community Enclave successfully sold 97% of its third release in one day, totaling $17.5 million.
Located seven kilometres from the Melbourne CBD in the suburb of Ascot Vale, Enclave is a joint venture between Mirvac and Gresham.
The 10.423-hectare project launched in April, with 95% of the first release snapped up in days, totaling $35.6 million.
The June release accomplished $9 million in sales in one morning.
With the final lot in the August release under contract, all three releases are now sold out.
Some 114 lots have sold in just four months since the launch, reaching a total value of $67.5 million.
House and land packages were priced from $549,000 and land was priced from $330,000.
Mirvac CEO of residential John Carfi says Enclave has been an enormous success story for Mirvac.
“Each release has surpassed expectations, we’ve seen owner-occupiers jumping at the change to buy into this new community.
“Purchasers camped out over night to make sure they snapped up the new release, proving demand is high for inner-city real estate in Melbourne,” says Carfi.
Construction of the first stage of land and housing commenced in June 2013.
More house and land packages are to be released, but a date is yet to be scheduled. 
The median house price in <a target="_blank" href="/news">Ascot Vale</a> is $705,000, a 10.2% change in the past five years, according to RP Data. 
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Mirvac's Enclave sells out first three releases totalling around $67.5 million

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With values once again rising across most capital cities, RP Data has looked at the capital city locations within 10 kilometres of the city centre where you can still purchase relatively affordable homes.
Many of us want to live close to the city centre or near the water, the sad fact of the matter is that these homes are in short supply and tend to cost a lot. With capital city home values once again starting to climb, we look at the areas where you can buy at a relatively affordable price point compared with many other inner city suburbs.
As you will note, these suburbs are not the most prestigious or highly sought after however, they do enjoy close proximity to the city centre. They also often have high levels of nearby amenity and in some instances are extremely well catered to by local infrastructure.
It is also interesting to note that although houses may be too expensive for price sensitive buyers, a unit can offer the same high level of amenity and in most instances at a significantly lower buy in price than purchasing a house.
Looking across the capital cities, we can see some divergences on a city-to-city basis as well as between houses and units when looking at the suburbs with the lowest median value within 10 kilometres of the CBD.
Sydney
St Peters is the most affordable suburb for houses within a 10km radius of the Sydney CBD. Located 5.7km from the city centre it has a median value of $645,681. For units, values are much lower with Darlington the most affordable with a median value of $292,271. There are 99 Sydney suburbs within a 10km radius of Sydney with a lower median unit value that the St Peters median house value. 
<img src="/images/stories/2013/09/09/nsw-ept-9.gif" width="470" height="104" alt="nsw-ept-9">
Melbourne
Bellfield is Melbourne’s most affordable suburb for houses within a 10km radius of the CBD with a median value of $493,685. Carlton has the city’s most affordable units within 10km of the city centre with a median value of $232,453, keeping in mind most units in the suburb are student accommodation. 49 suburbs within 10km of the Melbourne city centre have a lower median unit value than that of Bellfield’s median house value. <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/vic-sept-9.gif" width="470" height="78" alt="vic-sept-9">
Brisbane
Brisbane’s most affordable suburb within 10km of the CBD is Rocklea, it has a current median house value of $298,796. Chelmer has the most affordable units within 10km of the city centre at $306,415. Rocklea house values are a bit of an outlier because it was severely inundated by floods, if we look at house values in Chermside West ($418,735), 68 suburbs within 10km of the city have a lower median unit value than median house values in Chermside West. <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/qld-sept-9.gif" width="470" height="82" alt="qld-sept-9">
Adelaide
Dry Creek which is located right on the edge of a 10km radius of Adelaide has the lowest median house value within this region at $244,971. Ottoway has the lowest median unit value within a 10km radius of the city centre at $204,091. There are 18 Adelaide suburbs within 10km of the city centre with a lower median unit value than Dry Creek’s median house value. <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/ssa-sept-9.gif" width="470" height="64" alt="ssa-sept-9">
Perth
Cannington has Perth’s lowest median house value within a 10km radius of the CBD at $413,925. There are 20 suburbs within the same region that have a median unit value lower than this figure, the lowest of which is found in Glendalough ($324,219). <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/wa-sept-9.gif" width="470" height="61" alt="wa-sept-9">
Hobart
Hobart’s most affordable suburb for houses within 10km of the city centre is Clarendon Vale with a median value of $151,089. For units, the most affordable suburb within the region is Glenorchy with a median value of $190,387. Hobart is the only capital city in which the most affordable suburbs for units within 10km of the city centre is more expensive than the most affordable suburb for houses. <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/tas-sept-9.gif" width="470" height="75" alt="tas-sept-9">
Darwin
Farrar is the most affordable suburb in which to purchase a house within 10km of the Darwin CBD with a median value of $514,344. The most affordable suburb for units is Alawa with a median value of $331,650. There are 16 Darwin suburbs within 10km of the CBD which have a lower median value for units than Farrar’s median house value. <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/nt-sept-9.gif" width="470" height="79" alt="nt-sept-9">
Canberra
The most affordable suburb for houses within a 10km radius of the Canberra CBD is Crace with a median value of $372,672. There are 15 suburbs within a 10km radius of the Canberra CBD that have a median unit value lower than the median house value of Crace, the most affordable of which in Hughes ($209,269). <a href="https://pages.e.rpdata.com/Redirect.aspx?EQ=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" target="_blank"></a>
<img src="/images/stories/2013/09/09/act-sept-9.gif" width="470" height="77" alt="act-sept-9">
As you’d expect, house values in the inner city areas are quite high. This is due to strong demand for houses in these regions and the fact that areas closer to the city typically have the best amenity and superior infrastructure. Inner city units offer the same benefits at typically a much lower price point, as a result it is no wonder the popularity of inner city units continues to grow.
 
<hr>
 Cameron Kusher is senior research analyst at <a target="_blank" rel="nofollow" href="https://www.myrp.com.au/">RP Data</a>.
 
Image courtesy of Michael Renner/flickr.
 
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Affordable opportunities 10 kilometres from capital cities' CBDs: Cameron Kusher

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With the election figuratively just around the corner and still not a peep from the major parties on any housing policy, we thought it timely to provide a quick run-down on a few key housing metrics across the electorates. 
See below our top ten leagues tables by electorate:
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/09/06/lawless-sept-6-zero-big.jpg" rel="shadowbox"><img src="/images/stories/2013/09/06/lawless-sept-6-zero-small.jpg"></a>
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/09/06/lawless-sept-6-one-big.jpg" rel="shadowbox"><img src="/images/stories/2013/09/06/lawless-sept-6-one-small.jpg"></a>
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/09/06/lawless-sept-6-two-big.jpg" rel="shadowbox"><img src="/images/stories/2013/09/06/lawless-sept-6-two-small.jpg"></a>
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/09/06/lawless-sept-6-three-big.jpg" rel="shadowbox"><img src="/images/stories/2013/09/06/lawless-sept-6-three-small.jpg"></a>

<hr>
Tim Lawless is national research director of <a target="_blank" href="https://www.myrp.com.au/" rel="nofollow">RP Data.</a>
 
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Housing stats across federal electorates: Tim Lawless

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It turns out the property election twitter feed is largely around the lack of attention to affordability and the general industry in the campaigns we've been seeing.
Do you think this should have been a focus?
<a target="_blank" href="https://twitter.com/IndustryWomenC/"><img alt="TWEETOFDAYELECTION" height="181" width="470" src="/images/stories/2013/09/06/TWEETOFDAYELECTION.png"></a>
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The housing industry isn’t on the election agenda

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The long election lead time of nine months has largely been the cause of a slowdown across the country, according to HSBC Bank Australia Limited’s chief economist Paul Bloxham and economist Adam Richardson.
In Bloxham and Richardson’s HSBC report Australian Election Observer noted that the long lead time has potentially held back business confidence in recent months, keeping the entire market slow.
“As such, whoever wins, a reduction in tax and regulatory uncertainty postelection, could provide a boost to confidence,” the report states.
“Julia Gillard, the former Prime-Minister and leader of the Labor Party, took the unusual option of announcing the 2013 election nine months in advance. While her replacement by Kevin Rudd changed the election date, businesses have now sat through around eight months of uncertainty over the postelection regulatory environment.
“This has been one factor that may have held back business confidence and conditions recently. In addition, firms have likely held of hiring and investment until they have more certainty over the political landscape.”
<img alt="poll-results-sept-9-two" height="111" width="470" src="/images/stories/2013/09/09/poll-results-sept-9-two.jpg">
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Long election lead time caused slowdown: Paul Bloxham, Adam Richardson

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Despite some cooling in commodity prices and job losses, Australia’s mining party is still in full swing.
For property investors, hearing about a new mining project really gets the corks popping because a new mine can mean demand for accommodation skyrockets, rents can go through the roof and property values can start to look very peachy indeed.
But a new mine announcement does not always mean a new mine will be built. And a new mine coming to town does not always means its workers will look for local housing.
Here are five tips to making the right move when investing in mining towns.
Wait for the green light. In the mining industry, the approval process for building a new mine is long and complicated. The time between project announcement and start of construction can be several years.
When you look at the long list of factors in the approval process, it’s obvious how hurdles are hit and plans are scrapped. Competing land use challenges, native title, water supply, fauna and flora impact, land contamination, waste disposal, effects on marine life, and general environmental impact all need to be dealt with. Some issues can take years to resolve, involve masses of government red tape, create conflicts in communities, and sometimes just become too difficult for mining companies to pursue.
Meanwhile, the economic landscape changes around us. In our post-GFC world, there are other complications, too. Some companies are finding it harder to secure funding or to gain final investment approval from their board. Costs can blow out because companies are paying interest on loans for projects that haven’t yet started to make money or there are higher wage costs resulting from a shortage of skilled local labour or trade union demands.
The problems are real. In fact, I’m seeing an emerging trend of mining companies putting ego aside, sharing infrastructure, and doing joint venture agreements on some projects in an attempt to trim costs and make projects more economically viable.
If return on your investment is highly dependent upon specific projects it’s important to wait for that green light.
Do your research. Understand exactly what the mine is and how it will operate.
Look closely at its workforce requirements; How many workers will it need? What roles will they perform? How long will they be in town? Where will they be living – conventional housing or on site in temporary employer-supplied villages? Will the impact on local goods, service, and accommodation be sustainable or short-lived? Will the departure of the construction workforce and the arrival of the (often smaller) mining workforce reduce your rental returns? Is there likely to be a glut of housing once this occurs and high vacancy rates as a result?
Know the mining industry. According to Geoscience Australia, Australia produces significant amounts of 19 different minerals from almost 400 operating mines across the country. Coal and iron ore are Australia’s biggest export commodities, but liquefied natural gas is a major growth market and copper is also significant.
Mining is big business, but commodities are, by nature, volatile and their prices rise and fall for a wide range of reasons. It’s standard practice in the mining industry to recruit workers when prices are high (to maximise the amount of resource they can get out of the ground to sell at high prices) and to lay off large numbers of workers when the price of the commodity falls.
Vacancy rates obviously take their lead from the workforce. These cycles can be deep, bringing high peaks and low troughs.  An astute investor will be aware of these fluctuations and insulate against them by choosing a location that relies on more than a couple of mines so their pool of potential tenants is large and diverse.
Get in on the ground level. The best time to make a move is just prior to the start of mine construction.
Constructing a new mine and associated infrastructure generally needs a mass of skilled workers. There can be processing plants, railways, pipelines and ports to be built and create direct jobs.  Indirect jobs also come in the form of businesses supplying manufacturing components, heavy vehicles and machinery, and shops in town.
If a property investor times it right, they’ll be buying just as those jobs are being advertised and the people are starting to roll into town. Once the mine is built, it’s onto the business of mining, which sees the workforce change and downsize to those mine workers who will extract the coal, iron ore, copper or gas, and transport it away for processing and exporting.
If you’ve bought in, you’ll already know from your research who these people are and where they are coming from. You’ll know that your rental property is a likely candidate for their accommodation and there will be sufficient numbers of potential tenants to generate some competition for housing.
Understand what a ‘high-performing investment property’ means in a mining town.
A high-performing investment property is one that consistently produces above average rental returns and capital growth over the long-term. To attract those two factors, a property needs to be in a place where the tenant pool is significant, the infrastructure is established and of high quality, and the economic outlook is positive, with plenty of growth drivers from a diverse range of industries pushing it along.
A lot of traditional mining towns only exist because of a few local mines and are therefore unlikely to present high-performing investment properties to the market. They don’t have the infrastructure or the diverse economy.
If, however, the mines are already in, or coming to, a town which has a range of other industries, such as tourism, agriculture or education for example, and the infrastructure to support these industries and their workers is in place, then the location will benefit enormously from the addition of mining to the mix—and a property investor is likely to benefit enormously from their investment decision.
<ol></ol>
I am very selective about investing in mining towns. There have been many times when I have anticipated a strong growth period for a property market on the back of certain mining projects but held off from purchasing property for clients because of my concerns over things such as mine project approvals and a location’s unhealthy reliance on a single industry.
I favour locations with several mines, 10 or more years of life left in the available resources, additional untapped resources directly in the area providing scope for new mines in future, and a few other sustainable industries supporting the economy.
 
<hr>
 Simon Pressley is Managing Director of <a target="_blank" href="https://www.propertyology.com.au/">Propertyology</a>, a full-time property market analyst, accredited property investment adviser, and the 2012 and 2013 REIA / REIQ Buyer’s Agent of the Year.
 
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spressley-sBoeMhannA

Five tips to make the right moves investing in a mining town: Simon Pressley

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Every Friday Jonathan Chancellor and Margie Blok go head to head discusssing the issue of the property week.
This week they discuss Bishopscourt, at 11 Greenoaks Avenue, one of Sydney's most historic mansions.
<a href="https://www.propertyobserver.com.au/news/bishopscourt-darling-point-for-sale-for-probable-%2425-million-plus-hopes/2013090264719" target="_blank">Property Observer recently reported</a> that the Ray White Double Bay agency has been appointed to sell the Anglican Church's redundant Darling Point trophy home.
 
<hr>
 <img src="/images/stories/2013/09/06/HE-SAID-WORDS.jpg" alt="HE-SAID-WORDS" width="132" height="30"><img src="/images/stories/2013/09/06/NO.jpg" alt="NO" width="55" height="30"><img src="/images/stories/2013/09/06/jc-silhouette-5.jpg" alt="jc-silhouette-5" width="200" height="300" style="float: right;">
The gothic sandstone home - especially the south-east facing wing - would just be too cold in winter. And the upkeep would be far too expensive - about $100,000 annually to keep the building in good repair.
The vast size of this mansion demands more cheques for a live-in housekeeper as well as several cleaning staff. The 6216 square metre grounds require a full-time gardener, as well as a gofer to do a daily sweep of leaves falling from the fig trees that line the gravel driveway and front garden. By the way overlooked by neighbouring blocks of flats. It would cost a bomb to renovate even if $2 million was spent recently on the chimneys and slate roofing.
It would also cost a motza to maintain the gorgeous leadlight-pane windows, let alone keep them clean - heaven knows how much the Moran family pay for window cleaning at their nearby historic mansion, The Swifts, which was previously owned by reclusive property investor, Carl Spies. I'd follow the approach of Spies who enjoyed a Howard Hughes-like reputation at The Swifts where he kept the front gates locked and the blinds drawn during his six-year ownership until 1992 when St George Bank took over as mortgagee-in-possession.
And let’s be honest, who needs a chapel in the house?
<img src="/images/stories/2013/09/06/mb-silhouette-4.jpg" alt="mb-silhouette-4" width="200" height="300" style="float: left;"><img src="/images/stories/2013/09/06/SHE-SAID-WORDS.jpg" alt="SHE-SAID-WORDS" width="149" height="30"><img src="/images/stories/2013/09/06/YES.jpg" alt="YES" width="55" height="30">
For starters any Bishopscourt buyer will best revert it to one of its earlier names, either Percyville or Greenoaks. It really does rank among a handful of pioneer homes to have survived from the 1850s to now. Flowered in sandstone Gothic extravagances, its dates back to the pioneer Thomas Sutcliffe Mort, who built an empire on wool, dairy, meat, mining and shipping. A mansion that displays extraordinary self-made wealth.
Of course, mansions are the palaces and cathedrals of mortals desirous of emulating the enduring permanency of the church and state. This one is the Brideshead of Sydney and perfect for a modern-day family of Marchmain-esque wealth and devout religious sensibilities.
One of Sydney’s most palatial and historic mansions, this opulent sandstone residence is truly magnificent, especially the superbly proportioned formal rooms with intricately detailed ceilings - but the piece-de-résistance is the private chapel with its sandstone walls, elegant timber panelling and towering ceiling. An inspired designer, such as Thomas Hamel, could do wonders with the interiors of this palatial home and transform it for 21st centruy living.
Last traded 113 years ago for £6,750, the Bishopscourt estate presents a once in a generation opportunity to purchase a significant holding on Double Bay’s doorstep. The only other heritage eastern suburbs estate sold during recent times is Bellevue Hill’s Rona – it was snapped up for just $20 million in 2006 by property developer Terry Agnew, one’s of the shrewdest real estate players in Australia.
Nothing at Hunters Hill, the suburb famed for 19th century sandstone houses, holds a candle to Bishopscourt – and city commuting is much quicker from Darling Point than Hunters Hill. As far as privately owned historic mansions go, Bishopscourt is without peer in the eastern suburbs – apart from the Moran family’s The Swifts in Darling Point Road with its ballroom bigger than Government House.
I recall The Swifts came with the Tooth family's latin motto (Perseverantia Palman Obtinebit) cut into its façade which translated means "Perseverance yields the prize." And this is the prize that many have prayed for the opportunity to buy. The church contemplated selling it in 1963, 1982, 1991 2001, and most recently in 2010 when defeated in the synod by the narrowest of margins. Given John Schaeffer, a heritage mansion collector who sold Rona to Agnew, now directs his attention to towering harbourside apartments, there's at least one obvious contender out of the running for the Bishopscourt estate.
This heritage estate is unlikely to attract nouveau riche mining types with a penchant for glamour and glitz. I maintain they'd much prefer fake gothic architecture sans heritage authorities telling them what they can and can't do. This one is for property bluebloods.
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jchancellor-FAypfDUnLy

Bishopscourt, the Anglican Church’s 1850s trophy sandstone offering: He Said/She Said

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Uh oh. Say it ain’t so. It appears that one of the main issues to capture the attention of the media as a result of the final political leaders debate last week was their positions on foreign ownership.
That old chestnut.
In what has been a relatively dull election campaign, and with a foundation of rising property prices, I hope we’re not about to see the focus return to Chinese property investors. It does seem to be one of the go to topics when property prices begin to rise as they are right now.
In the debate last weekend Kevin Rudd said he was "a bit nervous, a bit anxious" about foreign ownership of Australian land. Tony Abbott said "Australia should not have a 'colour ban' on investors."
It’s one of those emotive topics that has the ability to raise the collective national pulse. Remember a couple of years ago when talk of Chinese buyers outbidding locals at auctions led to the government responding by tightening the rules around temporary residents buying property?
And then there was the dob in an agent hotline. I actually rang it today to see if it still works and can report that it was answered by a helpful FIRB employee who explained that I needed to put any information on a suspected breach in writing!
Yes we do continue to see significant interest in the high-end, Sydney apartment market from Chinese nationals. Yes it has slowed a little over the last twelve months but there is no denying that for premium priced properties the Chinese buyer is a key target market to achieve a potential sale.
So I hope that the increasing competition in the property market doesn’t ignite the flame of anger and blame that Chinese buyers are solely responsible for pushing up prices. From where I sit, rather than fear their presence in the market, we should be nervous about what it means if they leave.
 
<hr>
 Ewan Morton is managing director of the Sydney based <a target="_blank" href="https://www.mortonandmorton.com.au/" rel="nofollow">Morton &amp; Morton</a>.
 
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emorton-DecMjPQt5h

Election focus should not fall on foreign property ownership: Ewan Morton 

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Caydon’s $200 million project and St Kilda’s tallest building, S.T.K., is already 50% sold, ahead of its official launch date later this month.
Located on St Kilda Road, the development will include 309 apartments and 19 townhouses upon completion.
The development is yet to be launched to the public but has secured sales through registrations of interest and previous purchasers of Caydon developments.
The 26-level building, made up of two structures within one façade, will house one- and two-bedroom apartments, as well as two-bedroom dual level rooftop terraces.
<img alt="s.t.k-sept-5-one" height="487" width="470" src="/images/stories/2013/09/05/s.t.k-sept-5-one.jpg">
Two-bedroom townhouses will be located on Barkly Street.
One-bedroom apartments range in size from 50 square metres to 61 square metres and range in price from $380,000 to $527,000.
Two-bedroom apartments range in size from 64 square metres to 87 square metres and range in price from $560,000 to $842,000.
Townhouses on Barkly Street range in size from 68 square metres to 71 square metres and rooftop terrace townhouses range in size from 82 square metres to 100 square metres.
Townhouses range in price from $645,000 to $820,000.
Designed by Eades and Bergman, apartments will feature textured splashbacks, marble finishes, satin chrome fixtures and timber flooring.
Residents will have access to the S.T.K club, comprising of a 20-metre infinity edge pool, gym, steam room, yoga room, business lounge and a library.
“S.T.K’s appeal is its location and luxury build,” says Joe Russo, principal of Caydon.
“S.T.K offers an unrepeatable opportunity to live in this location and our architectural design makes the views a primary consideration with over 70% of apartments featuring incredible water and city views,” says Russo.
Caydon purchased the 2,827-square-metre site for $20.9 million.
Construction is scheduled to commence early next year with an expected completion date of late 2015.
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St Kilda's tallest building S.T.K apartments snapped up ahead of official launch

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Let’s be honest, most of us want to be rich and many of us are fascinated by those who already are.  
How did they do it? How can we do it too?  
The truth is wealthy people don’t do different thing, they just do these things in a different way; from the way they think to the actions that they take.  
I’ll let you in on a little secret, not everybody has to work hard for their money.  
People who own businesses have employees who are willing to work for money, whereas the business owner generally has his money working for him. The same is true for investors, their money works for them.  
It’s called passive income. Being a property investor or a business owner is like owning the proverbial money tree – you control something that makes money for you, without the need to even be there.  
In his <a target="_blank" href="https://www.richdad.com/Home.aspx">Rich Dad, Poor Dad</a> series of books, Robert Kiyosaki explains how the rich differ from the poor. It’s not just because they have more money. The main difference is how they think about and interact with their money.  
When it comes down to how people make money, we can all be placed in one of four categories:   
1. The employed – have a job
Employees trade hours for dollars; however what they really get are leftovers – after the government takes its share in taxes.  
“So what? They do that to everyone!” you may be thinking.  
Well no, they don’t. Business owners and investors only pay tax on what’s left over after their bills are paid.  
Wouldn’t it be nice to only have to pay tax on what you don’t spend?  
2. The self-employed – own a job <ol></ol>
Self-employed people and professionals usually want to be their own boss. They’re prepared to work hard, but often what they’ve done is swap one boss for hundreds of bosses – customers or clients.  
In reality, self-employed people aren’t business owners – they still work for their money, but they’re somewhat better off than employed people because they’re able to take advantage of tax deductions that allow them to pay their business expenses before being taxed on what’s left over.  
3. The business owner – owns a system and people work for them
The true business owner not only doesn’t have to work, he doesn’t have to be at work every day, because he has a system and people to do it all for him, and possibly even supervisors to manage his workers.  
The true business owner asks, “Why do it yourself when you can employ someone to do it for you?”  
After initially investing in a business idea, and a business system, they let the money they have invested – which is now in the form of a business – work for them.  
4. The investor – money works for them <ol></ol>
Investors don’t have to work either, because their money works for them.  
If you hope to become rich at some point, you have to belong to this group because investors convert money into wealth.  
Obviously, you’re not going to jump from being an employee to a full time investor overnight. But you can start taking the steps to move from being an employee or self employed, by building your own property portfolio.  
Done correctly, income earning residential real estate can be your vehicle for getting out of the rat race!  
There are also many legal tax advantages available to investors. One of the reasons the rich get richer is that in some cases, they make millions and legally pay very little tax. That’s because they build their assets, not their income and make their money as investors, not workers.  
Imagine you own investment properties worth $1million that increases in value by 8% each year. In twelve months your asset base will have increased by $80,000, yet no tax is payable on this. Wealthy property investor can borrow against the increased value of their assets and use the money to reinvest or live off.  
Where do you stand?
Which category do you fit in? Are you an employee, self employed, a business owner or an investor?  
In the past there has been a slow but steady transfer of wealth from employees and self-employed to business owners and investors. They’re all playing the same game, but each group is playing with a different set of rules and their mindsets are poles apart.  
Employees and the self-employed work harder and harder, trying to build cashflow, yet many dig themselves deeper into a hole of consumer debt.  
In the meantime, business owners and investors slowly build up their assets. The employed and self-employed pay the most tax, while business owners and investors take advantage of legal tax loopholes.  
Logically, if you want to become wealthy you are going to have to become either a business owner or an investor. It’s just too hard to become rich as an employee or self-employed worker.  
Does that mean you should give up your day job?  
Not necessarily. Many employees have become very successful investors – in particular property investors.  
So rather than relinquish your job, I suggest you start educating yourself with the aim of becoming a property investor – initially in your spare time and then maybe, if you choose, on a full time basis.  
Should you become a business owner?  
Most small businesses fail in the first five years.  
In general I think the opportunity to become rich through successful property investment is much easier for the average Australian. That’s why I recommend you seriously consider making your fortune as an educated, financially fluent real estate investor who treats their property like a business.
 
<hr>
 Michael Yardney is a director of <a href="https://www.metropole.com.au/" rel="nofollow">Metropole Property Strategists</a>.
 
 
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